HIGH ACHIEVERS

CONSULTING


EMPLOYEE RETENTION
HIGH ACHIEVERS CONSULTING
information@highachievers.in
FRAMEWORK OF EMPLOYEE RETENTION
Source: www.chillibreeze.com
RETENTION REALITY: WHY THEY JOIN
Source:www.danfarrell.com
SURVEY


UK organizations are struggling to retain their employees,
claims a new survey which finds that 3 out of 4 have no
explicit strategy or budget for employee retention and
they dont understand the real reasons why employees
leave.

Source: http://www.clickpress.com/releases/Detailed/59127005cp.shtml
75% OF ORGANISATIONS HAVE NO STRATEGY
OR BUDGET FOR EMPLOYEE RETENTION
SURVEY

Developed from a survey of HR practitioners in 316
organizations, it finds that 93% have implemented retention
initiatives over the past year, yet nearly half (47%) still admit
that they have a problem retaining staff and two-thirds
(65%) say they want to reduce their employee turnover.

According to the survey, 44% of organizations have a staff
turnover rate higher than 15% per year, with one in ten
exceeding 30% per year. In organizations with over 500
employees, more than a third (36%) have a turnover rate
exceeding 20%. 81% of organizations believe staff turnover
has a detrimental impact on their effectiveness.

Source: www.clickpress.com
STAGES OF RETENTION STRATEGY

RETENTION MODEL DIAGRAM
Source:www.competitiveedgehr.com
EMPLOYEE RETENTION STRATEGIES
Source: retention.naukrihub.com
HOW CAN I IMPROVE THE RETENTION
Source: peopleindairy.businesscatalyst.com
EMPLOYEE RETENTION INITIATIVES
Source: www.nicholsonmcbride.com
7 STEPS TO BETTER EMPLOYEE RETENTION

1. Track retention
2. Hire right in the first place
3. Offer employees a path to greater pay and
responsibility
4. Train first-level supervisors
5. Look for stressors and train leaders on how to help
employees in stressful positions
6. Be more flexible on work conditions
7. Re-evaluate benefits package
IDEAS FOR EMPLOYEE RETENTION PROGRAMS

Workplace culture
Involvement
Orientation
Learning
Reward

Employee
Retention
Programs

Workplace
culture


Involvement

Orientation Learning

Reward

KEEPING IS CHEAPER THAN REPLACING
Direct Costs of Replacement

Paperwork/Time Exit Interview
Recruiting Replacement
Interview/Select New Employee
On boarding New Employee
Training New Employee
Depending on the complexity of the job, this process can
take at least 3-6 months in most cases.
KEEPING IS CHEAPER THAN REPLACING
Indirect Costs of Replacement

Losses in productivity.
Slips in schedule.
Loss of corporate knowledge.
Lost opportunity costs etc.
KEYS TO RETENTION

The keys to retention simply put are based on a name
we called SAM;
Satisfaction - There are a number of elements to
satisfaction. They include, salary, health plan, dental plan
, work environment, and more.
Appreciation - Appreciation is just what it says it is, being
recognized and appreciated for your work. Both publicly
and privately.
Motivation - Once an employee is satisfied and
appreciated, that employee can be motivated. Ways to
motivate include bonuses, promotions, conferences and
training and more.
That's it! Employee retention is as simple as SAM
TOP 10 LOW & NO CO$T EMPLOYEE RETENTION
TIP$

1. Hire the Right Person
2. Open & Effective Communication
3. Clear Expectations
4. Outstanding Feedback & Recognition
5. Treat People with Respect
6. Share Training Responsibility
7. Have Fun
8. Promote Work/Life Balance
9. Demonstrate Corporate Social Responsibility
10. Utilize Connection & Exit interviews


We at High Achievers believe that it is people who build
organization and create wealth.
It is people who form the essence of who we are and what
we do.

THE NEED IS TO HAVE RIGHT
PEOPLE AT RIGHT PLACE

We at High Achievers provide recruitment solutions that
enable efficient hiring of human resources of appropriate
capabilities and qualities.

We provide one stop customized solution to all our clientele
needs through a candidate centric approach.

WHO WE ARE
HIGH ACHIEVERS CONSULTING
Information@highachievers.in
Contact 0120 - 4265375